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SmarTrend's Candlestick Scanner Detects Bearish Engulfing Pattern for Extreme Networks (EXTR)

Written on Mon, 03/15/2010 - 7:36am
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a bearish engulfing pattern for shares of Extreme Networks (NASDAQ:EXTR) since the stock closed below $3.09.
Friday, this company traded 5,448,482 shares, versus the previous day's total volume of 213,803. Heavy volume increases the reliability of this bearish candlestick pattern.
SmarTrend issued an Uptrend alert on shares of Extreme Networks on December 07, 2009 at $2.43 per share (22.2% return since that call). This bearish candle pattern may point to a reversal of the previously called Uptrend.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): EXTR

Contact Chip Brian



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